Key Takeaways
- • AEA Investors' Middle Market Private Equity team and British Columbia Investment Management Corporation (BCI) acquired Rensa Filtration from Audax Private Equity, according to Pulse 2.0.
- • The sale ends a four-year Audax holding period that began when Audax first invested in the company.
- • Rensa completed ten add-on acquisitions during Audax's ownership, per publisher coverage.
- • Ropes & Gray advised Audax on the sale, while Lincoln International also advised Audax, per publisher coverage.
- • AEA and BCI plan to support Rensa's management team as it broadens its footprint and adds complementary capabilities across North America.
Summary
AEA Investors' Middle Market Private Equity team and British Columbia Investment Management Corporation (BCI) have acquired Rensa Filtration, Inc. ("Rensa") from Audax Private Equity ("Audax"), according to Pulse 2.0. Rensa is an industrial technology and advanced materials company in the AEA Middle Market Private Equity portfolio.
The transaction completes a four-year partnership in which Audax first invested in the company and oversaw ten add-on acquisitions. Audax's announcement of the completed sale described the exit as following that period of buy-and-build growth. Publisher coverage indicates Ropes & Gray advised Audax on the sale, and Lincoln International also advised Audax on the transaction.
According to the publisher's coverage, AEA and BCI will support Rensa's management team as the company continues to broaden its footprint and add complementary capabilities across North America. The publicly available coverage does not disclose the purchase price or other deal terms.
The transaction completes a four-year partnership in which Audax first invested in the company and oversaw ten add-on acquisitions. Audax's announcement of the completed sale described the exit as following that period of buy-and-build growth. Publisher coverage indicates Ropes & Gray advised Audax on the sale, and Lincoln International also advised Audax on the transaction.
According to the publisher's coverage, AEA and BCI will support Rensa's management team as the company continues to broaden its footprint and add complementary capabilities across North America. The publicly available coverage does not disclose the purchase price or other deal terms.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.